EP adopts a resolution on the impact of AI on the financial sector, highlighting its potential for smarter fraud detection and AML monitoring while stressing the need for strong oversight to prevent risks and FC threats

To harness AI responsibly, EP urges robust human oversight, transparent and explainable models, rigorous data governance, reinforced supervisory expertise, and international cooperation—ensuring innovation drives efficiency and financial integrity without opening doors to fraud, money laundering, or discriminatory practices…